Professor Smith's research focuses on corporate and securities law, with particular emphases on Delaware corporate law and entrepreneurial finance. His work has appeared in many top law reviews, including The Dystopian Potential of Corporate Law, 56 Emory L. J. 985 (2008); The Exit Structure of Venture Capital, 53 UCLA L. Rev. 315 (2005); The Critical Resource Theory of Fiduciary Duty, 55 Vand. L. Rev. 1399 (2002); and Toward a New Theory of the Shareholder Role: "Sacred Space" in Corporate Transactions, 80 Texas L. Rev. 261 (2001).